Company Registration No. 00142036 (England and Wales)
AMBROSE & CO.(MAYFAIR),LIMITED
Unaudited accounts
for the year ended 31 October 2021
AMBROSE & CO.(MAYFAIR),LIMITED
Unaudited accounts
Contents
AMBROSE & CO.(MAYFAIR),LIMITED
Company Information
for the year ended 31 October 2021
Directors
Mr R Fiori
Mr A Fiori
Company Number
00142036 (England and Wales)
Registered Office
123 MOUNT STREET
LONDON
W1K 3NP
ENGLAND
Accountants
Kaushik Khiroya, AFA
LMK ACCOUNTING LTD
THE GATEHOUSE
GATEHOUSE WAY
AYLESBURY
HP19 8DB
AMBROSE & CO.(MAYFAIR),LIMITED
Statement of financial position
as at
31 October 2021
Investments
153,252
153,252
Creditors: amounts falling due within one year
(195,438)
(175,501)
Net current liabilities
(172,018)
(159,736)
Net liabilities
(18,766)
(6,484)
Called up share capital
9,834
9,834
Profit and loss account
(28,600)
(16,318)
Shareholders' funds
(18,766)
(6,484)
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2021 and were signed on its behalf by
Mr R Fiori
Director
Company Registration No. 00142036
AMBROSE & CO.(MAYFAIR),LIMITED
Notes to the Accounts
for the year ended 31 October 2021
AMBROSE & CO.(MAYFAIR),LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00142036. The registered office is 123 MOUNT STREET, LONDON, W1K 3NP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Investments in shares are included at fair value.
These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the contining support of the directors and sharesholders of the company.
If the were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.
4
Investments
Subsidiary undertakings
Valuation at 1 November 2020
153,252
Valuation at 31 October 2021
153,252
AMBROSE & CO.(MAYFAIR),LIMITED
Notes to the Accounts
for the year ended 31 October 2021
5
Debtors: amounts falling due within one year
2021
2020
Other debtors
15,765
15,765
Debtors: amounts falling due after more than one year
Amounts due from group undertakings etc.
7,655
-
6
Creditors: amounts falling due within one year
2021
2020
Amounts owed to group undertakings and other participating interests
-
12,276
Taxes and social security
-
800
Loans from directors
194,868
161,855
7
Average number of employees
During the year the average number of employees was 3 (2020: 3).